Stanley Druckenmiller portfolio

Duquesne Family Office · 13F for Q2 2026, filed Aug 14, 2026

Duquesne Family Office, Stanley Druckenmiller's family office, reported 95 positions worth $5.2B as of Jun 30, 2026. The largest were Natera, Inc. (16.6%), Taiwan Semiconductor Manufacturing Co Ltd (5.4%) and STMicroelectronics N.V. (4.5%). Against Q1 2026: 48 new, 17 added to, 9 reduced, 23 sold out.

The filing on sec.gov · Every fund · What a 13F shows

Reported value: $5.2Bas of Jun 30
Positions: 9548 new, 23 sold out
Largest position: NTRA16.6% of the portfolio
Top 10 positions: 46%of reported value
In options: 16%puts and calls, at reported value

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What Stanley Druckenmiller bought

Largest 8 of 65

Position	Change	Value
INSMINSMED Inc · Call options	New	$144M
GOOGLAlphabet Inc.	New	$120M
AMZNAmazon.com, Inc.	+1,083%	$118M
FOXAFox Corp	New	$115M
CDWCDW Corp	New	$105M
Ishares Russell 2000 ETFCall options	+317.7%	$75.4M
UALUnited Airlines Holdings, Inc.	+202.8%	$72.4M
STXSeagate Technology Holdings plc	+140.6%	$68.8M

What Stanley Druckenmiller sold

Largest 8 of 32

Position	Change	Value
ROKURoku, Inc	−75.5%	$78.2M
AAAlcoa Corp	−87.6%	$68.2M
WWDWoodward, Inc.	−68.2%	$61.3M
AVGOBroadcom Inc.	Sold out	$60.6M
TEVATEVA Pharmaceutical Industries Ltd	−73.7%	$59.4M
OPCHOption Care Health, Inc.	Sold out	$50.3M
FIGRFigure Technology Solutions, Inc.	Sold out	$39.1M
QSRRestaurant Brands International Inc.	Sold out	$33.6M

Every position, largest first

95 positions, Q2 2026

#	Position	Portfolio	Value	Shares	Change
1	NTRANatera, Inc.	16.6%	$865M	3,186,306	+4.0%
2	TSMTaiwan Semiconductor Manufacturing Co Ltd	5.40%	$282M	589,680	+19.1%
3	STMSTMicroelectronics N.V.	4.46%	$232M	3,102,880	+18.8%
4	Invesco S&P 500 Equal WeightCall options	3.35%	$175M	821,000	No change
5	INSMINSMED Inc	2.92%	$152M	1,424,690	+23.4%
6	Ishares MSCI Brazil ETFCall options	2.80%	$146M	4,228,000	No change
7	INSMINSMED Inc · Call options	2.76%	$144M	1,350,000	New
8	YPFYPF Sociedad Anonima	2.74%	$143M	3,138,897	−3.0%
9	AMZNAmazon.com, Inc.	2.48%	$129M	541,600	+1,083%
10	TBBBBBB Foods Inc	2.32%	$121M	2,901,733	−6.7%
11	GOOGLAlphabet Inc.	2.31%	$120M	336,300	New
12	Ishares MSCI Brazil ETF	2.28%	$119M	3,436,170	No change
13	STXSeagate Technology Holdings plc	2.26%	$118M	122,000	+140.6%
14	FOXAFox Corp	2.21%	$115M	2,204,600	New
15	AMZNAmazon.com, Inc. · Call options	2.10%	$109M	459,300	+129.7%
16	UALUnited Airlines Holdings, Inc.	2.07%	$108M	794,795	+202.8%
17	Sea Ltd-Adr	2.02%	$105M	1,099,905	No change
18	CDWCDW Corp	2.01%	$105M	743,950	New
19	NAMSNewAmsterdam Pharma Co N.V.	2.00%	$104M	3,070,146	No change
20	Ishares Russell 2000 ETFCall options	1.90%	$99.1M	330,000	+317.7%
21	SNDKSandisk Corp	1.52%	$79.4M	34,900	−8.5%
22	RVMDRevolution Medicines, Inc.	1.44%	$74.8M	399,587	+26.5%
23	SPYSPDR S&P 500 Etf Trust · Call options	1.29%	$67.2M	90,000	No change
24	BTDRBitdeer Technologies Group	1.24%	$64.7M	4,074,993	New
25	CRHCRH Public Ltd Co	1.14%	$59.2M	553,555	+46.6%

70 more positions

#	Position	Portfolio	Value	Shares	Change
26	DALDelta Air Lines, Inc.	1.08%	$56.5M	603,000	New
27	TSLATesla, Inc. · Call options	1.02%	$53.0M	126,000	New
28	FLRFluor Corp	0.99%	$51.5M	982,200	New
29	DHIHorton D R Inc	0.93%	$48.7M	299,000	New
30	CPNGCoupang, Inc.	0.89%	$46.3M	2,667,485	No change
31	AMDAdvanced Micro Devices, Inc.	0.81%	$42.3M	72,900	New
32	PANWPalo Alto Networks Inc	0.76%	$39.8M	116,650	New
33	CLFCleveland-Cliffs Inc.	0.76%	$39.6M	4,216,184	+82.3%
34	HUTHUT 8 Corp.	0.70%	$36.3M	314,150	New
35	CDWCDW Corp · Call options	0.67%	$35.2M	250,000	New
36	CAICaris Life Sciences, Inc.	0.65%	$33.8M	1,894,450	No change
37	Global X MSCI Argentina ETF	0.58%	$30.0M	328,800	−15.1%
38	FOXFOX Corp	0.57%	$29.6M	632,600	New
39	WWDWoodward, Inc.	0.55%	$28.6M	67,194	−68.2%
40	METAMETA Platforms, Inc. · Call options	0.54%	$28.2M	50,000	New
41	NUVBNuvation Bio Inc.	0.49%	$25.8M	4,539,800	No change
42	PTGXProtagonist Therapeutics, Inc	0.49%	$25.6M	208,900	+30.8%
43	ROKURoku, Inc	0.49%	$25.4M	184,055	−75.5%
44	CVCOCavco Industries, Inc.	0.47%	$24.3M	39,500	New
45	ADMAADMA Biologics, Inc.	0.45%	$23.3M	2,784,110	+80.1%
46	PURRHyperliquid Strategies Inc	0.44%	$23.1M	2,941,500	New
47	RMBSRambus Inc	0.44%	$23.0M	173,000	New
48	RYTMRhythm Pharmaceuticals, Inc.	0.43%	$22.6M	203,618	New
49	SKYChampion Homes, Inc.	0.43%	$22.4M	254,400	New
50	DAKTDaktronics Inc	0.42%	$22.0M	1,123,109	+99.6%
51	PCTPureCycle Technologies, Inc.	0.42%	$21.7M	2,681,415	+178.4%
52	SCCOSouthern Copper Corp	0.41%	$21.4M	123,060	+1.0%
53	LINLinde Plc	0.41%	$21.4M	41,200	No change
54	ENTGEntegris Inc	0.41%	$21.3M	118,300	New
55	TEVATEVA Pharmaceutical Industries Ltd	0.41%	$21.2M	624,999	−73.7%
56	UUnity Software Inc.	0.41%	$21.1M	738,785	No change
57	AEVAAEVA Technologies, Inc.	0.40%	$20.7M	720,175	New
58	RIOTRIOT Platforms, Inc.	0.40%	$20.7M	754,800	New
59	QQnity Electronics, Inc.	0.39%	$20.5M	125,655	No change
60	EQIXEquinix Inc	0.37%	$19.2M	18,450	New
61	LRCXLam Research Corp	0.36%	$18.9M	43,600	New
62	DFTXDefinium Therapeutics, Inc.	0.32%	$16.8M	356,600	New
63	BLTEBelite Bio, Inc	0.31%	$16.3M	106,100	No change
64	Invesco S&P 500 Equal Weight	0.30%	$15.8M	74,400	New
65	TXG10x Genomics, Inc.	0.30%	$15.5M	403,100	New
66	WABWestinghouse Air Brake Technologies Corp	0.29%	$15.3M	56,595	−40.4%
67	LLYELI LILLY & Co	0.28%	$14.8M	12,380	New
68	XENEXenon Pharmaceuticals Inc.	0.28%	$14.4M	238,600	No change
69	OLMAOlema Pharmaceuticals, Inc.	0.24%	$12.3M	986,827	No change
70	RGENRepligen Corp	0.20%	$10.6M	77,400	New
71	RKTRocket Companies, Inc.	0.20%	$10.3M	652,220	New
72	BIDUBaidu, Inc.	0.19%	$10.1M	88,200	New
73	ARMARM Holdings Plc	0.19%	$10.0M	28,090	Not compared
74	CVNACarvana Co.	0.19%	$9.9M	151,000	New
75	RDDTReddit, Inc.	0.19%	$9.8M	56,550	New
76	AAAlcoa Corp	0.19%	$9.7M	185,640	−87.6%
77	TMOThermo Fisher Scientific Inc.	0.18%	$9.6M	19,200	New
78	DHRDanaher Corp	0.18%	$9.6M	50,300	New
79	FFIVF5, Inc.	0.18%	$9.2M	22,000	New
80	VISTVista Energy, S.A.B. de C.V.	0.16%	$8.6M	134,700	No change
81	SKESkeena Resources Ltd	0.15%	$8.0M	300,200	New
82	JBSJBS N.V.	0.15%	$7.8M	655,900	No change
83	GLUEMonte Rosa Therapeutics, Inc.	0.14%	$7.2M	297,600	New
84	RLAYRelay Therapeutics, Inc.	0.13%	$6.5M	349,000	New
85	DBVTDBV Technologies S.A.	0.12%	$6.3M	383,363	No change
86	CCCCCC Intelligent Solutions Holdings Inc.	0.12%	$6.0M	1,170,900	New
87	UWMCUWM Holdings Corp	0.11%	$5.9M	2,583,000	New
88	NVTSNavitas Semiconductor Corp	0.11%	$5.6M	311,100	New
89	SOLSSolstice Advanced Materials Inc.	0.11%	$5.5M	62,525	No change
90	FTAIFTAI Aviation Ltd.	0.10%	$5.5M	20,200	New
91	BEAMBEAM Therapeutics Inc.	0.10%	$5.3M	153,600	New
92	AURAurora Innovation, Inc.	0.08%	$4.3M	633,700	New
93	IRENIREN Ltd	0.08%	$4.0M	87,100	New
94	GGALGrupo Financiero Galicia Sa	0.06%	$3.0M	59,500	New
95	Wave Life Sciences Ltd	0.02%	$1.0M	173,000	No change

What a 13F shows

This is Duquesne Family Office’s Form 13F for the quarter ended Jun 30, 2026, filed with the SEC on Aug 14, 2026 as Duquesne Family Office LLC. A 13F lists long positions in US-listed securities on the quarter’s last day: shares, convertible bonds, puts and calls. It does not list short positions, cash, private holdings or most securities listed abroad, and a position may have changed since.

Options are shown as options, never added to the shares of the stock they are written on. A change is the share count against the fund's filing for Q1 2026; the estimated value of a change uses the price the filing's own figures imply. Where a count moved with a stock split, no change is shown. This filer reports its values in thousands of dollars; they are shown in dollars.